Closed Loop Partners

Today, we are proud to share a new study published by Systemiq Ltd. with support from Closed Loop Partners, Eunomia Research & Consulting and The Recycling Partnership, presenting a blueprint for transforming PET packaging and polyester textiles in the U.S. Found in products ranging from food trays and active wear to carpets, PET and polyester account for 30% of the U.S.’s country’s plastic packaging and textiles use, contributing significantly to plastic waste and greenhouse gas emissions. If current trends continue, PET/polyester consumption could grow 1.5 times by 2040, creating enough non-recycled waste to fill 750,000 garbage trucks annually and driving GHG emissions. Yet it also has high potential for circular economy approaches that reduce waste and emissions and create economic opportunities. Advancing circularity for the PET packaging and polyester textiles industries could create 46,000 new U.S. jobs and generate $4.9 billion/year in additional revenue for U.S. recycling industries. The study highlights the potential of proven circular solutions – like reducing avoidable material use, scaling reuse, refill and resale, and expanding mechanical & depolymerization recycling – to deliver significant environmental and economic benefits by 2040: > Reduce virgin PET/polyester consumption and waste sent to landfill and incineration by half > Increase recycling rates for PET packaging to 70% (from 23%), and for polyester textiles to 19% (from 1%). > Cut GHG emissions for packaging by ~60%. Bold action from policymakers and industry – such as enacting well-designed EPR laws in more states, scaling new recycling technologies, driving industry innovation, and increasing reuse and recycling – is critical to bringing these materials into the circular economy. Discover the full report here: https://hubs.la/Q02YYMGQ0 #circulareconomy #packaging #textiles #report #impact #sustainability

As we celebrated America Recycles Day, Closed Loop Partners also celebrates the 5-year anniversary of Every Bottle Back, a breakthrough initiative to improve recycling of our valuable bottles and cans. American Beverage launched Every Bottle Back 5 years ago, in collaboration with Closed Loop Partners and The Recycling Partnership. Through Every Bottle Back, America’s beverage companies have provided nearly $30M to make recycling more accessible and convenient for more than 14M Americans in 49 communities nationwide. Learn more about our investments to improve the collection and recycling of plastic bottles in the U.S.: https://hubs.ly/Q02Yz5s70 #circulareconomy #recycling #everybottleback #anniversary #bottles #partnership #collaboration

Our portfolio company SOLARCYCLE, an advanced technology-based solar recycling company, announced a 5 gigawatt recycling facility in Cedartown Georgia, in partnership with Georgia Governor Brian P. Kemp. The 255,000 square foot facility will have the capacity to recycle and recover materials from 10M solar panels per year, enough to process an estimated 25-30% of the U.S.’s retired solar panels in 2030. It will initially recycle 2M solar panels per year and scale as the company meets growing market demand for end-of-life solar services and domestic solar supply. Learn more: https://hubs.la/Q02Yd1L80 #circulareconomy #solarenergy #solar #renewableenergy #innovation #recycling

Closed Loop Partners' Ventures Group announces its follow-on investment in Earthodic, a Brisbane-based biotechnology company creating recyclable bio-based coatings for paper packaging. This is Closed Loop Ventures Group’s second investment in Earthodic, supporting the company’s expansion into the U.S. Earthodic’s Biobarc? is a water-resistant, repulpable and recyclable coating for paper packaging, offering a solution for brands and packaging manufacturers looking to transition away from wax and polymer film coatings to reduce plastic waste. Learn more here: https://hubs.la/Q02Y2Vvl0 #circulareconomy #packaging #innovation #paper #coating #biotechnology #investment #venturecapital #sustainability

“If you want to learn from leaders and innovators in the sustainability and circular economy fields on what it takes to transform groundbreaking ideas on reducing waste into thriving industries, The Waste-Free World is a must read. Ron Gonen went to great lengths to include a diverse set of voices that are passionate about pursuing a circular economy, with opportunities to innovate, to be profitable and to be good stewards of our environments. This book truly is a meaningful contribution to living in a waste-free world.” — Ginger Spencer, Director of City of Phoenix Public Works Department Learn more about the circular economy through The Waste-Free World by Ron Gonen, Founder & CEO of Closed Loop Partners: https://hubs.la/Q02XVzsV0 #circulareconomy #book #thewastefreeworld #innovation #investment #infrastructure #recycling #reuse #sustainability #impact

Danielle Joseph, Head of Closed Loop Partners' Ventures Group, will be speaking at New Private Markets' Impact & Transition Summit in New York City on November 13, focusing on deep tech, AI and other technologies and innovations that can advance a more sustainable world. Learn more about the role of impact investors in financing the next wave of tech-enabled sustainability. Danielle will be joined by Milo Werner, General Partner, DCVC; Sasha Novograd Brown, Partner, Ecosystem Integrity Fund; and moderator Susan McGeachie, Co-Founder & Managing Partner, Global Climate Finance Accelerator. Register with the speakers’ colleague discount code for 10% off: https://hubs.la/Q02XMMYb0 Please use the discount code: impactgs24-speaker #circulareconomy #impact #venturecapital #artificialintelligence #technology #innovation #finance #sustainability #event #panel #newyorkcity

Ron Gonen, Founder & CEO of Closed Loop Partners, will be the closing keynote speaker at New Private Markets' Impact & Transition Summit in New York City on November 13, discussing the potential of transitioning to a circular economy to advance a waste-free world. Register with the speakers’ colleague discount code for 10% off: https://hubs.la/Q02XMH3j0 Please use the discount code: impactgs24-speaker #circulareconomy #impact #event #keynote #newyorkcity

Target, CVS Health, The Kroger Co., Dollar Tree Stores, Family Dollar, Meijer and Walmart have renewed their long-standing commitment to the Consortium to Reinvent the Retail Bag, an industry collaboration managed by Closed Loop Partners' Center for the Circular Economy. Upcoming work will focus on implementing proven bag waste reduction strategies, building on the successes of the last 4 years. As a blueprint for work to come, the Consortium released a new report with findings from its largest in-market reusable bag tests in 2023, which spanned 160 retailers and 375+ stores of all sizes across Denver, Colorado and Tucson, Arizona. Read more: https://hubs.la/Q02Xy51n0 #circulareconomy #beyondthebag #retail #retailbag #innovation #partnership #collaboration #reuse #reuserevolution #report

Rob Lawson-Shanks and Mark Lyons, co-founders of our portfolio company Molg, are building robotic “microfactories” that efficiently take electronic gadgets apart so the components can be reused. Now, they also work with electronic brands to help them design products that are circular from the start. The main goal isn’t recycling, but reuse––to give parts a second, third, fourth and fifth life—before they’re ultimately recycled to recover the materials. In October 2024, Molg announced a $5.5 million seed funding round led by Closed Loop Partners' Ventures Group with participation from Amazon Climate Pledge Fund ABB Robotics & Automation Ventures, Overture , Elemental Impact and Techstars. Read more about how their solution works: https://hubs.la/Q02XqjKQ0 #circulareconomy #electronics #ewaste #investment #venturecapital #technology

Our portfolio company ERI, the nation’s largest fully integrated IT and electronics asset disposition provider and cybersecurity-focused hardware destruction company, announced a partnership with Staples to support an innovative new nationwide consumer technology trade-in program. ERI and Staples are building on their longstanding commitment to e-waste recycling—over 188 million pounds recycled since the program launch in 2012—with a new Tech Trade-In program that allows customers to extend the life of their newer, unused tech. Read more: https://hubs.la/Q02X9-fm0 #circulareconomy #ewaste #electronics #recycling #innovation #partnership #collaboration